UBS AG boosted their price objective on shares of NRG Yield (NASDAQ:NYLD) from $29.00 to $36.00 in a research note issued on Thursday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would suggest a potential downside of 4.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of NRG Yield from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $36.20 price target on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of NRG Yield from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 22nd. They now have a $41.00 price target on the stock, up previously from $30.00. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $35.03.
NRG Yield (NASDAQ:NYLD) traded up 2.21% on Thursday, hitting $38.38. The stock had a trading volume of 92,843 shares. NRG Yield has a 1-year low of $26.50 and a 1-year high of $38.12. The stock’s 50-day moving average is $35.09 and its 200-day moving average is $31.29. The company has a market cap of $864.0 million and a price-to-earnings ratio of 23.48.
NRG Yield (NASDAQ:NYLD) last released its earnings data on Tuesday, November 12th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $95.00 million for the quarter, compared to the consensus estimate of $79.74 million. Analysts expect that NRG Yield will post $1.02 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, November 27th.
NRG Yield, Inc serve as the primary vehicle, through which NRG Energy, Inc will own, operate and acquire contracted renewable and conventional generation and thermal infrastructure assets.
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